Jan 2015

23

Automatic enrolment - Look out for a letter from The Pensions Regulator!

The Pensions Regulator will be issuing a one-off letter to all small and micro employers between the end of January and May 2015 to ensure they know when their new workplace pension duties start.

The letter will provide key information such as their PAYE reference number, the date the law applies to them and the process through which they can provide a nominated contact to the regulator to receive regular, useful and relevant information in the run up to the date at which they need to comply with their duties.

Approximately five million workers have already been automatically enrolled by nearly 43,000 employers. In the coming months and years, another 4 million workers will be automatically enrolled by small employers across the country. Small employers are those with fewer than 50 workers.

You can find out your staging date at any time by simply entering your PAYE reference into the Pension Regulator’s staging date calculator.

Posted byVictoria ClarkeinAuto Enrolment